RentoMojo Stock Price: Furniture Rental Giant Debuts on NSE with 19% Premium

RentoMojo, the Bengaluru-based furniture and appliance rental platform, officially entered the public market on September 17, 2026. The company's shares listed on the National Stock Exchange (NSE) at ₹482.45, marking a 19.42% premium over its final IPO issue price of ₹404 [1].

RentoMojo IPO Performance and Subscription Data

The RentoMojo IPO saw massive investor appetite, with the issue being oversubscribed approximately 73 times. The demand was particularly strong among institutional investors, with the Qualified Institutional Buyers (QIB) portion subscribed 177.29 times [1].

The total size of the initial public offering was ₹1,255.57 crore. This was structured as a combination of a fresh issue of shares worth ₹150 crore and an Offer for Sale (OFS) totaling ₹1,105.57 crore [1]. Prior to the public listing, the company secured ₹376.07 crore from anchor investors on September 8, 2026.

Subscription Breakdown by Category

• QIB Portion: 177.29 times
• Non-Institutional Investors: 67.93 times
• Retail Investors: More than 15 times

Company Fundamentals and Operational Scale

Founded in 2014 by Geetansh Bamania and Ajay Nain, RentoMojo operates a technology-driven direct-to-consumer platform. It allows users to subscribe to home products including beds, mattresses, washing machines, refrigerators, and water purifiers, while also providing integrated delivery and maintenance services [1].

As of March 2026, the company reported a significant operational footprint, claiming approximately 2.53 lakh live subscribers across 29 Indian cities. Its active portfolio consists of roughly 8.51 lakh live items [1].

Market Context: The September 17 Debut

RentoMojo was one of six companies to debut on the bourses on September 17, 2026. While most of the group saw positive starts, RentoMojo's performance was highlighted as a "strong market debut" [2]. Investors should note that while the listing price provides an initial valuation, the current RentoMojo stock price may fluctuate based on daily trading volumes and market sentiment on the NSE.